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life (VSL) and the degree of complementarity between consumption and labor supplied when health status serves as a … potential source of variation in this relationship. Our empirical analysis finds that variations in an individual's health …
Persistent link: https://www.econbiz.de/10012759625
This paper examines the role of medical care in improving health and compares that value of better health produced by … medical care with the costs of that care. Valuing medical care requires measuring the health of the population. We start by … developing a measure of the nation's health capital -- the dollar value of health a person will have over the course of their …
Persistent link: https://www.econbiz.de/10013322322
This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that … prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from … charging individuals with adverse health conditions higher insurance premia. Our study is motivated by recent US legislation …
Persistent link: https://www.econbiz.de/10013097204
an integrated developmental approach to child and adult health that considers the costs and benefits of interventions … over the life cycle. We suggest policies to promote child health which are currently outside the boundaries of conventional …
Persistent link: https://www.econbiz.de/10013089128
We present a survey design that generalizes static conjoint experiments to elicit inter-temporal adoption decisions for durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly identified using data generated by this specific design. In...
Persistent link: https://www.econbiz.de/10013100670
Experimentally elicited discount rates are frequently higher than what one would infer from market interest rates and seem unreasonable for economic decision-making. Such high rates have often been attributed to present bias and hyperbolic discounting. A commonly recognized bias of standard...
Persistent link: https://www.econbiz.de/10013138321
We develop a demographically-based approach for estimating the utility discount rate (UDR) portion of the Ramsey rule. We show how age-specific mortality rates and life expectancies imply a natural UDR for individuals at each age in a population, and these can be aggregated into a...
Persistent link: https://www.econbiz.de/10012951868
Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than …
Persistent link: https://www.econbiz.de/10012907139
operators and another that exploits the theory of monotone concave operators - we obtain conditions that are both necessary and …
Persistent link: https://www.econbiz.de/10012931220
Exchange rates depreciate by the difference between the domestic and foreign marginal utility growths. Exchange rates vary a lot , as much as 10% per year. However, equity premia imply that marginal utility growths vary much more, by at least 50% per year. This means that marginal utility...
Persistent link: https://www.econbiz.de/10013222977